Regulators Say Not so Fast to Enersis Increase

Regulators Say Not so Fast to Enersis Increase

Chile Equity M&A

Chilean regulators have found a conflict of interest in Enersis’ planned equity capital raise of up to $8.2bn and have imposed conditions on the operation, according to a regulatory filing. In the transaction announced last week aimed at stremlining holdings int LatAm, shareholders can subscribe with assets rather than cash. Enersis’ parent Endesa was expected to participate with up to $4.86bn in assets, a valuation arrived at by an outside source. Shareholders and analysts have opposed the plan

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